The increase in social distancing measures due to the outbreak of the Covid-19 epidemic has stalled the domestic supply chain, while the sky-high sea freight rates have also slowed down international trade. .
Read more : >> Vietnamese Nam: pepper exports in July 2021, the quantity decreased but the price still increased.
A local pepper purchasing agent…
According to preliminary data reported by the General Department of Vietnam Customs, pepper exports in August 2021 reached 17,636 tons of pepper of all kinds, down 8,703 tons, or 33.04 percent lower than the previous month but increased by 325 tons, ie an increase of 1.88% over the same period last year.
The export value of pepper in the month reached 66.48 million USD, down 28.64 million USD, or 30.11% lower than the previous month, but increased by 23.18 million USD, or 53.53% higher than that of the previous month. with the same period last year.
The cumulative export volume of pepper in the first 8 months of 2021 reached a total of 197,766 tons of pepper of all kinds, down 4,063 tons, or 2.01% lower than the export volume in the first 8 months of 2020.
In terms of export turnover in the first eight months of 2021, it totaled US$657.82 million, an increase of US$214.25 million, or an increase of 48.30 percent over the same period.
The average export price of pepper in August 2021 reached USD 3,769/ton, up 4.37% compared to the average export price of July 2021.
The average pepper price increased sharply compared to the previous month due to the high volume and value of white pepper exports, while the winter demand and the year-end festival are approaching, customers cannot delay to wait for the price. Summer. It should be noted that the coffee business season in the Central Highlands is approaching, the demand for capital increases sharply, forcing many agents and domestic trading companies to consider their options, so pepper prices in the coming months will have fluctuations. significant movement.
According to industry experts, pepper prices in August increased but not as expected by the market. The spread of the Covid-19 epidemic forced the government to increase social distancing measures, causing the supply chain of goods to stall. Some exporters also want to slow down delivery to expect better shipping rates.
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